Mumbai: India’s federal government has issued 6,775 gold hallmark licences till 30 June this fiscal year as against 6,584 last year in a bid to boost hallmarked jewellery sales, the consumer affairs ministry said on Thursday.
“Over 140 hallmarking centres have been set up in various parts of the country as on 30 June. Out of them, 21 are run by the government and the rest are in the private hands,” it said in a statement.
The major objective of the gold hallmarking scheme is to prevent frauds due to adulteration and maintain standard of fineness. Hallmarking records the proportionate content of precious metal in jewellery.